Congruence Market Insights is Best Super Absorbent Polymers Market

 Super Absorbent Polymers Market Size, Trends, Share, Growth, and Opportunity Forecast, 2023 - 2030 Global Industry Analysis By Product Type (Ethylene Maleic Anhydride Copolymer, Sodium Polyacrylate, Polysaccharides, Polyacrylamide Copolymer and Others), By Manufacturing Process (Gel Polymerization, Suspension Polymerization and Solution Polymerization), By Application (Construction, Oil and Gas, Disposable Diapers, Agriculture, Healthcare, Adult Incontinence Products, Packaging, Feminine Hygiene Products and Others), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global Super Absorbent Polymers Market was valued at USD 3,969.3 Million in 2022 and is anticipated to reach a value of USD 6,243.3 Million by 2030 expanding at a CAGR of 5.9% between 2023 and 2030.

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Advanced hydrogels called superabsorbent polymers (SAPs) are renowned for their remarkable capacity to absorb and hold vast volumes of water in relation to their weight. In a number of applications, they function better than alternatives. For example, SAPs offer more effective absorbency of water in sanitary goods such as diapers, resulting in a drier, more pleasant feeling. These polymers improve soil water retention in agriculture, which lessens the need for regular irrigation and encourages water conservation. This is especially advantageous in arid areas. Due to their high water-absorbing qualities, adult incontinence products and diapers are among the hygiene goods that are driving the growth of the superabsorbent polymer market.

 

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Super Absorbent Polymers Market Key Trends

·         Rising living standards and population growth are driving the need for super absorbent polymers in hygiene products.

·         In line with trends in sustainable farming and water conservation, SAPs are being used more and more in agriculture to retain water, particularly in arid regions.

·         The aging population and the ongoing expansion of healthcare both contribute to the growing use of SAPs in medical products.

·         SAPs are used by the packaging industry to improve absorption capabilities.

·         In response to concerns about water scarcity around the world, SAPs are involved in water conservation initiatives across various industries.

·         Growing numbers of emerging economies are utilizing agricultural technologies and hygiene products.

Region-wise Market Insights

Asia-Pacific accounted for the largest market share at 40.4% in 2022 whereas, Asia Pacific is also expected to register the fastest growth, expanding at a CAGR of 6.7% between 2023 and 2030.

Market Competition Landscape

Global and regional competitors coexist in the super absorbent polymers market, creating a competitive environment. Mergers and acquisitions have resulted in consolidation in the super absorbent polymers industry, with larger businesses acquiring smaller players to bolster their market position and broaden their capabilities. As a result of this tendency, the big firms have emerged with wide geographic reach and a variety of offers. To increase project efficiency, safety, and environmental sustainability, businesses in the super absorbent polymers market are progressively implementing cutting-edge technologies.

·         BASF SE

·         Evonik Industries AG

·         Nippon Shokubai Co., Ltd.

·         Sumitomo Seika Chemicals Co., Ltd.

·         LG Chem

·         Sanyo Chemical Industries, Ltd.

·         Formosa Plastics Corporation

·         SDP Global Co., Ltd.

·         Yixing Danson Technology

·         Kao Corporation

·         ExxonMobil Chemical

·         Songwon Industrial Co., Ltd.

·         Solvay S.A.

·         Yara International ASA

By Geography

·         North America

·         Europe

·         Asia Pacific

·         South America

·         Middle East & Africa

Companies Profiled

·         BASF SE

·         Evonik Industries AG

·         Nippon Shokubai Co., Ltd.

·         Sumitomo Seika Chemicals Co., Ltd.

·         LG Chem

·         Sanyo Chemical Industries, Ltd.

·         Formosa Plastics Corporation

·         SDP Global Co., Ltd.

·         Yixing Danson Technology

·         Kao Corporation

·         ExxonMobil Chemical

·         Songwon Industrial Co., Ltd.

·         Solvay S.A.

·         Yara International ASA

·         Formosa Plastics Group

Contact Us:

Ms. Shalaka Dubey

Senior Sales Manager

Congruence Market Insights

Palo Alto, CA 94301, United States

Phone: +1 650-646-2623

Email: sales@congruencemarketinsights.com

 

 

 

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